US senators and the White House have reached an "agreement in principle" to resolve a key sticking point in crypto legislation, potentially unlocking progress on a long-delayed market structure bill, Politico reported.
US Lawmakers Close In on Stablecoin Yield Compromise, Politico Reports
20 March 2026 - 22:24 CET
By Ana Pereira
The tentative deal, conducted by Senators Thom Tillis and Angela Alsobrooks alongside White House officials, aims to address tensions between banks and crypto firms over whether stablecoins should be allowed to offer yield to users, according to the report. The dispute has been central to delays in the Senate Banking Committee, with traditional banks warning that yield-bearing stablecoins could trigger deposit outflows.
The proposal still needs to be vetted with industry participants, so support from both banking and crypto stakeholders is not yet fully secured. A compromise would clear the way for a markup in the Senate Banking Committee, but the legislation would still need to be reconciled with a parallel effort in the Senate Agriculture Committee, which oversees digital commodities markets, before advancing to a full Senate vote.
